- Spiniello Companies
- 2026
- 7
- 3
- 42.86%
- $76,269,112
- 10.72%
- 6.47%
- 1.73%
- $90,590,844

Spiniello holds a **$41.9M** remaining backlog across three active sewer rehabilitation projects, with two awarded in 2026. The 50% success rate on **$90.0M** in 2026 bids supports steady near-term revenue recognition, though long contract durations may delay cash inflows from progress payments.
Medium-term Outlook (6-12 months)
Bidding momentum from 2025 levels of **$199.9M** total bids at 50% win rate positions the firm for potential backlog growth to **$70-90M** if current trends continue. Extended project timelines of 120 months provide sustained work volume but require disciplined cash management to align expenditures with collections.
Key Risk Period
Low 2024 activity with zero wins and minimal bidding creates exposure to revenue gaps if 2026 momentum slows. Extended contract durations up to 1100 months heighten liquidity risk from delayed payments on large rehabilitation jobs.
Recommendations
Target consistent 50% bid success while tightening margins around the **7-11%** average left on low. Prioritize projects with shorter durations and stronger cash flow terms to build reserves ahead of potential slowdowns.
- SZC14383 Westlake Relief Drain WRD Rehabilitation Unit 5 Ferndale Obama
- Los Angeles
- 7/17/26
- North Outfall Sewer Rehabilitation Unit 33 Magnolia Blvd Woodman Ave Rebid
- Los Angeles
- 5/6/26
- SZC13940 Central Business District Sewer Rehabilitation Unit 12 Alameda 18th
- Los Angeles
- 1/14/26
- 2026 Sanitary Sewer Cured Place Pipe
- Big Bear Lake
- $569,760
- 8/27/26
- Monrovia Outfall Trunk Sewer Rehabilitation
- Los Angeles County
- $2,063,625
- 8/4/26
- SZC14383 Westlake Relief Drain WRD Rehabilitation Unit 5 Ferndale Obama
- Los Angeles
- $14,754,322
- 7/17/26
- Nadeau Trunk Sewer Rehabilitation
- Los Angeles County
- $1,094,988
- 6/2/26
- North Outfall Sewer Rehabilitation Unit 33 Magnolia Blvd Woodman Ave Rebid
- Los Angeles
- $31,314,495
- 5/6/26
- Vermont Avenue East Primary Sewer Rehabilitation Florence 83rd ReBid
- Los Angeles
- $10,593,359
- 3/18/26
- SZC13940 Central Business District Sewer Rehabilitation Unit 12 Alameda 18th
- Los Angeles
- $30,200,295
- 1/14/26
- SZC13940 Central Business District Sewer Rehabilitation Unit 12 Alameda 18th
- Los Angeles
- $14,754,322
- 09/15/26
- 120
- 5.0%
- $3,688,581
- $14,016,606
- SZC13940 Central Business District Sewer Rehabilitation Unit 12 Alameda 18th
- Los Angeles
- $31,314,495
- 07/05/26
- 120
- 64.2%
- $7,828,624
- $11,221,027
- SZC13940 Central Business District Sewer Rehabilitation Unit 12 Alameda 18th
- Los Angeles
- $34,436,460
- 01/28/24
- 1100
- 87.8%
- $939,176
- $4,194,987
- $12,456,381
- $29,432,620

